Machines - Pattern-recognition - Algos - NYFed - PPT

Whether it's the machines vicious-circling their own pattern-recognition algos or The NYFed's PPT Desk arriving at work and taking charge, the US equity market has exhibited a strong intraday 'seasonality' for the past two months.

As Bloomberg exhibits below, the reality of trade wars take a bite out of stocks overnight, only to suddenly and inexplicably bid as the US equity markets open. However, once European markets close, the intraday party is over and sellers come back en masse, dumping into the US equity market close.